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Pension Reform in Mexico: The Evolution of Pension Fund Management Fees and their Effect on Pension Balances

dc.contributor.authorEmma Aguila, Emma Aguila
dc.contributor.authorMichael D. Hurd, Michael D. Hurd
dc.contributor.authorSusann Rohwedder, Susann Rohwedder
dc.date.accessioned2009-02-12T16:07:32Z
dc.date.available2009-02-12T16:07:32Z
dc.date.issued2008-09
dc.identifier.urihttps://hdl.handle.net/2027.42/61825
dc.description.abstractIn 1997 Mexico introduced Personal Retirement Accounts (PRAs) which, after a transition phase, will completely replace the pay-as-you-go (PAYG) system. We give a detailed overview of the relevant institutional framework, the market of PRA providers and how it has evolved since the 1997 reform. We use administrative data obtained from CONSAR, the regulatory agency of the PRA system to assess how pension fund management fees affect pension accumulations. We find that fees can drain up to a quarter of individuals’ pension savings.en
dc.description.sponsorshipSocial Security Administrationen
dc.format.extent175245 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen
dc.publisherMichigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104en
dc.relation.ispartofseriesWP2008-196en
dc.subjectWP2008-196en
dc.subjectUM08-16en
dc.titlePension Reform in Mexico: The Evolution of Pension Fund Management Fees and their Effect on Pension Balancesen
dc.typeWorking Paperen
dc.subject.hlbsecondlevelPopulation and Demography
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationumRANDen
dc.contributor.affiliationumRAND and NBERen
dc.contributor.affiliationumRANDen
dc.contributor.affiliationumcampusAnn Arboren
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/61825/1/wp196.pdf
dc.owningcollnameRetirement and Disability Research Center, Michigan (MRDRC)


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